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How likely is a catastrophic event that would substantially reduce the capital stock, GDP and wealth? How much should society be willing to pay to reduce the probability or impact of a catastrophe? We answer these questions and provide a framework for policy analysis using a general equilibrium...
Persistent link: https://www.econbiz.de/10013150842
.e., impulsivity and length of financial planning horizon, smokers are more impatient. However, neither of these measures is … measures of time preference and self-control, i.e., impulsivity and financial planning, are more closely related to the smoking …
Persistent link: https://www.econbiz.de/10012778234
estimates show that planning behavior can explain the differences in savings and why some people arrive close to retirement with …
Persistent link: https://www.econbiz.de/10012778261
the effect of a simple scalable planning intervention on a repeated behavior using a randomized design involving 877 … weeks. In contrast to recent studies, we find that the planning intervention did not have a positive effect on behavior and … planning is helpful and despite clear evidence that they engaged with the planning process …
Persistent link: https://www.econbiz.de/10012911692
While time-varying retail electricity pricing is very popular with economists, that support is not matched among regulators and consumers. Many papers have been written estimating and extolling the societal benefits of time-varying rates -- especially dynamic rates that change on a day's notice...
Persistent link: https://www.econbiz.de/10013107017
In many countries, unreliable inputs, particularly those lacking storage, can significantly limit a firm's productivity. In the case of an increasing frequency of blackouts, a firm may change factor shares in a number of ways. It may decide to self generate electricity, to purchase intermediate...
Persistent link: https://www.econbiz.de/10013066850
India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply limit trade between regions. I use confidential bidding data to estimate the costs of power supply and simulate market outcomes with more transmission capacity. I find that the...
Persistent link: https://www.econbiz.de/10012964348
Federal and state policies in the U.S. subsidize electricity generation from 1.4 million rooftop solar arrays because of pollution avoidance benefits and grid congestion relief. Yet because these benefits vary across the U.S. according to solar irradiance, technologies of electricity generators,...
Persistent link: https://www.econbiz.de/10012908163
The standard approach to recovering the cost of electricity provision is to bill customers monthly for past consumption. If unable to pay, customers face disconnection, the utility loses revenue, and the service provision model is undermined. A possible solution to this problem is prepaid...
Persistent link: https://www.econbiz.de/10012978087
We estimate the effects of electricity shortages on Indian manufacturers, instrumenting with supply shifts from hydroelectric power availability. We estimate that India's average reported level of shortages reduces the average plant's revenues and producer surplus by five to ten percent, but...
Persistent link: https://www.econbiz.de/10013056860